Chat with Joe Ross

U.S. Chat log from: Wednesday, December 16, 2009

Live Chat with Joe starts Wednesday at 8.00 PM U.S. Central Time!

	joeross joined.
	rjoseph joined.
joeross	I wasn't sure I'd be here tonight. We may not get a lot of people.
joeross	Good evening to you.
rjoseph	Hello Joe. First timer here.
joeross	Welcome rj
joeross	Feel free to make comments or ask questions on anything that is not illegal or immoral :-)
joeross	The euro sure is taking a beating.
joeross	And the dollar rally has started. I wonder how far it will go????
johnaj1	Hi Joe, why is euro tanking all of a sudden like the past 30 min?
joeross	john: I don't have an answer for that. I suspect it's part of the dollar rally which has been due for over a month. But why in the past 30 minutes, I really don't know
joeross	Maybe the Asians are beating up the euro. It's early in the morning over there. The euro is the anti-dollar
johnaj1	There is no new economic news
joeross	It's sure not the Aussies. The A$ is not rallying at all.
johnaj1	GBP also
joeross	Hi tonya
joeross	Hi tipring
tonya	hi Joe
tipiring	hi
rjoseph	How many people attend the seminars when you have them
joeross	rj: It depends which country I'm in.
joeross	The US is the worst: 15-20 people
rjoseph	Being new I was hoping to attend the one in March
joeross	Brazil: 150 people
johnaj1	You must have a lot of followers.
joeross	Uruguay: 25 people
joeross	Czech Republic: 200 people
joeross	rj: You should. You will not be sorry and I promise you will learn a lot. What you learn will save you years of struggling.
joeross	john: Thousands all over the world.
rjoseph	I have about 17 years of struggling under my belt
joeross	rj: It's time to stop struggling and find out what you should have learned 17 years ago.
rjoseph	I can't wait.
johnaj1	I wish I known you earlier I am certain I will learn a lot as much as you let me
joeross	rj: It's only 3 months until the seminar. Hold onto your hat. What you will learn will blow you away.
joeross	When people are ready for me, they seem to find me.
rjoseph	Do you prefer not to mention names of trading programs on the chat?
joeross	I don't mind as long as you are not selling them. We don't want any spamming.
tipiring	Joe - Your seminars seem to be for day traders. I don't like day trading. Do you teach other approaches?
rjoseph	I think my failures would be bad for their software sales
joeross	tipring: We entitle the seminars as "Day Trading" because that is what attracts the most people. But what i teach at them is applicable to any time frame in any market. People are amazed when they realize that the truth is the truth and it works in any market and in any time frame.
rjoseph	I started out with Ken Roberts and then went to Traders International.
rjoseph	I lost quite a bit
joeross	rj: Too bad: :-( mostly a waste of time.
joeross	I don't know how to reach everyone with the right stuff, but we sure put out a lot of good stuff for free.
joeross	It kinda makes me sad to see so many people being misled by so many phonys out there, but it's the nature of the business.
joeross	When it comes to money, many thieves are attracted.
rjoseph	If a lot of people were trading a very succesful system, would that hurt the system?
johnaj1	Joe I am planning to attend the the Dallas seminar in Mar.
joeross	rj: It could with most systems, but there are some that the more people who trade them the better it is. The Traders Trick Entry is like that. The more the merrier.
johnaj1	I want to make sure I have the right system to work with.
joeross	I'll be happy to see you there john
johnaj1	Joe the trader trick entry is that in your book?
joeross	john: It is in almost all of my books, usually in one of the appendices. It is also a free download from our website: www.tradingeducators.com/resources
joeross	It is also in dozens of our free newsletter Chart Scan. Are you a subscriber?
joeross	At the March seminar I'm going to reveal something that answers most of the questions a trader has.
johnaj1	Not yet. The link that you is not working may be I am not a member yet.
joeross	Which markets to trade: Where to put the stop loss: How much profit for your objective:: Which time frame to trade: How many contracts to trade--all from one simple tool.
joeross	john: You have to register for Chart Scan and double opt-in. Then you receive it every week. The registration is on the right-hand side of our home page.
joeross	All you have to do is give your First and Last Names and your email address. You will then receive a letter that asks you to confirm that you really want it. When you confirm, you will begin to receive Chart Scan every week--it's free!
johnaj1	Thanks Joe.
joeross	If you give us a phony email address as a lot of wise-guys do, you will never get it, because you will never receive the confirmation letter.
johnaj1	Do you have a few favorite brokerage house that are fast and reasonable to use?
rjoseph	Joe in regards to the seminar, do you know if most of the attendees are abe to retain all of the information or is this something we should plan on taking a few times?
joeross	john: We have a preferred broker--one we have used for the past 9 years. Please send an email to support@tradingeducators.com and the info will be sent out to you.
joeross	rj:: You will be given a complete copy of all of the slides shown at the seminar. Plus afterwards there is follow up through a private forum, email and online support when you need it. We don't give a seminar and then run. We are there for you as long as you need us. If you want to repeat, the cost is nominal. $200 to cover catering and seminar rooms costs.
joeross	Nobody gives the support we do. We have students who still come to repeats even after 20 years.
joeross	They always learn something new.
rjoseph	How often are the seminars given and are they the same?
joeross	rj: They are given twice/year. But there is almost always something new. I keep updating the seminar and improving it every time I give it.
joeross	I would say that less than 1% seem to need any follow -up. Many write to us and tell us they made money right after taking the seminar.
joeross	As the markets change the seminars change. Who ever thought that some day we would be teaching forex???
joeross	In Germany, we now teach trading CFDs--which few in the US have ever heard of.
rjoseph	How about the psychological aspect? I hear this is where most fail. Are some traders just destined to fail or do you think this can be overcomed??
joeross	I don't believe anyone is destined to fail. Discipline and self-control can be learned. Think of the Marines, the Seabees, the Green Berets, etc.
joeross	rj: People have hangups. Some date all the way back to the time they were in the womb. But anyone can decide that today is the first day of the rest of their life and become successful.
joeross	rj: Have you read Trading is a Business?
joeross	That book deals with the psychological aspects of trading. People tell me it is a life-changing book.
rjoseph	No I have not. Is this a book that you wrote?
joeross	Yes it is a book I wrote.
rjoseph	I discovered your website last week and at this time I am taking advantage of all the free materials you offer. Any extra money is going for the seminar fund.
joeross	rj: No one had more hangups than I did when I began trading. I had to overcome a lot. I know it can be done.
joeross	There is a lot for free, rj. We give away a lot. We care what happens to traders.
rjoseph	That is encouraging. I am somewhat concerned about the whole 90 fail 10 succeed rule if that is even accurate
johnaj1	Euro has another leg down
joeross	rj: It is probably worse than that in some areas of trading. For example the figures for forex traders are 97% lose and only 3% win. On the other hand, we know from surveying our students who are spread traders that 82% of them are making money or are no worse than breakeven. This is them telling us that this it is so.
joeross	john: I see euro at 1.4420
joeross	Now even lower
joeross	tonya: what's on your mind tonight?
tonya	just trying to figure out this economic situation. What the best investments are right now.
tonya	trying to glean some insite from listening to you as always :)
joeross	tonya: That's a tough one. The markets are at a strange point and it really is hard to know what to do.
joeross	I wouldn't dare buy any stocks other than metals and that may be a buy and hold situation. There could be a serious correction in the metals.
tonya	I bit on the inflation investing. I've been accumulating metals and grains (corn and soybeans)
tonya	ya i'm averaged in a lot lower on metals. I bought a ton of puts on my metals when we broke 1100
joeross	I'm in agreement with you tonya. But we may have to ride out a storm in the metals.
tonya	planning on holding a long itme
joeross	Me too
joeross	Metals are my safety valve.
joeross	My just-in-case insurance.
tonya	do you have any opinion on the corn market? When we were at 3.50 i thought we were undervalued so i bought in and sold a bunch of calls, they expired and i collected .50 premium and i still have the contracts.
joeross	tonya: Yes, do it again.
joeross	Well, it's my bed time.
joeross	Nice chatting to you all.
rjoseph	Thank you Joe
joeross	I'll be here next week, but then not again until January
tonya	thanks Joe
joeross	Good night everyone.
tonya	night
	joeross left.

Next Chat with Joe Ross:
Wednesday, December 23, 2009
Time: 8:00 - 9:00 P.M., U.S. Central Time.

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